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Jan 21, 2013
01/13
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he went on at a time of deficits being front and center to talk about debt and deficits on capitol hill. he was very aggressive defending entitlement such as social security and medicare and medicaid. in this address, the president signals he believes he has a mandate. he will be aggressive about pushing change in the second term. >>shepard: some of the change, can you make the argument it could happen? republicans are coming around on immigration issues. the polls suggest gay rights issue is taking a turn, as well, right? >>reporter: no question. he was able to pass the health care bill in the first term. the second term, in part, will be about implementing that law that republicans opposed but, obviously, chief justice roberts was the justice that helped decide that, in fact, it is the law of the land. the president, we should note, suggested he is going to reach out to republicans. he started the day at st. john's church across lafayette park, a little prayer service, and the pastor talked about how the pastor in chief in recent days in places like newtown, connecticut, has to reach
he went on at a time of deficits being front and center to talk about debt and deficits on capitol hill. he was very aggressive defending entitlement such as social security and medicare and medicaid. in this address, the president signals he believes he has a mandate. he will be aggressive about pushing change in the second term. >>shepard: some of the change, can you make the argument it could happen? republicans are coming around on immigration issues. the polls suggest gay rights...
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thousand people that filed bankruptcy in two thousand and eight when facing a sixty million dollars deficit although they escaped millions of dollars in debt from the bankruptcy the city was on able to retool its pension plan which to this day remains an unfunded liability of one hundred sixty five million dollars so despite the city's miscalculated funds and the giant banks of risky investments the average citizen is the one who suffers interestingly enough the attack on pensions mirrors the terms of the i.m.f. is now setting for cyprus moving forward so dark about all of this how it all fits together and the dangerous precedent it sets for the world i'm joined now by jason burma's independent journalist and host of unbound radio dot com jason thanks so much for coming on thank you so much for having me you know this is very alarming if you look at the terms of this no survey for cyprus they're talking about going into a bank account. there and taking forty to eighty percent haircut although they're saying they're only going to go after accounts that are a hundred thousand euros or more bu
thousand people that filed bankruptcy in two thousand and eight when facing a sixty million dollars deficit although they escaped millions of dollars in debt from the bankruptcy the city was on able to retool its pension plan which to this day remains an unfunded liability of one hundred sixty five million dollars so despite the city's miscalculated funds and the giant banks of risky investments the average citizen is the one who suffers interestingly enough the attack on pensions mirrors the...
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Jan 20, 2013
01/13
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MSNBC
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two, bring down the debt and deficit spending. those are -- >> a balanced way. i'm sure he'll use that language as well. >> a balanced way. opposing goals, but he intends to do them both. >> lynn, do you think we'll hear any talk of energy or climate change at all in the speech tomorrow? >> i do. i think climate change will be an added starter when we look at agenda goals, and i don't know if we had this discussion two months ago, even if curbing gun violence would have been something we would have thought would come up tomorrow. >> yeah. >> but i think that it is -- it is just something that the obama administration did not put a super emphasis on in the last four years and will be something that we'll hear about, in addition to the things that bill talked about. but i think somehow that obama will try to still cast himself as somebody who can try to bring more calm voice to civic discourse. i don't see how it could happen right away, because it didn't happen in the last four years. not sure how he can figure out how to navigate is this time. >> let's listen to
two, bring down the debt and deficit spending. those are -- >> a balanced way. i'm sure he'll use that language as well. >> a balanced way. opposing goals, but he intends to do them both. >> lynn, do you think we'll hear any talk of energy or climate change at all in the speech tomorrow? >> i do. i think climate change will be an added starter when we look at agenda goals, and i don't know if we had this discussion two months ago, even if curbing gun violence would have...
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Jan 22, 2013
01/13
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we are leaving our kids and grand kids with incredible burdens of debt and deficit unless we reform these important programs. i think the choice the president ought to be laying out instead and ought to be telling the american people yes, we can do. this we can even improve these programs in certain important ways but we have to address it. >> the senator from ohio says he wishes the president had given more examples of areas where republicans and democrats could work together, shep. a major test coming next week. >> that's right. you have got the house is going to take up later this week as a matter of fact on wednesday. they are going to vote on increasing the nation's borrowing limit the debt ceiling as it is called. okay wednesday they are going to do that vote. the senate pass a budget with spending cuts in it. that is when the kum ba yah the happy talk here on capitol hill may go back to a little more firstier talk. shep? mike emanuel on the hill tonight. perspective what lies ahead for president and the congress. dana perino the white house press secretary for president george w. b
we are leaving our kids and grand kids with incredible burdens of debt and deficit unless we reform these important programs. i think the choice the president ought to be laying out instead and ought to be telling the american people yes, we can do. this we can even improve these programs in certain important ways but we have to address it. >> the senator from ohio says he wishes the president had given more examples of areas where republicans and democrats could work together, shep. a...
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Jan 24, 2013
01/13
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where was the deficit? where was the unemployment? where was the issue of poverty in america which has increased under his watch? where is the hopeless necessary? >> yeah, where was the hopelessness? that's what the american public wants. have we forgotten fdr's famous inaugural when he proclaimed the only thing we have to fear is fear itself. and, also, a second depression, rampant starvation and my gut's telling me that europe's a tinderbox. oh, what's the point? we're all doomed. i can't walk. i can't walk. >> we are looking at four more years of this guy. and thanks to obama care, we might live to see it. >> finally, missouri republican anne wagner just took over todd aiken's seat in the 113th congress. yesterday, she played up her status as a washington outsider when discussing budget negotiations. >> i'm a freshman. i'm new. i was sworn in just three weeks ago today as a new member of the 113th congress. i don't think how they do things in washington, d.c. >> but if the name anne wagner rings a bell with you, it's because she wa
where was the deficit? where was the unemployment? where was the issue of poverty in america which has increased under his watch? where is the hopeless necessary? >> yeah, where was the hopelessness? that's what the american public wants. have we forgotten fdr's famous inaugural when he proclaimed the only thing we have to fear is fear itself. and, also, a second depression, rampant starvation and my gut's telling me that europe's a tinderbox. oh, what's the point? we're all doomed. i...
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Aug 29, 2013
08/13
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KCSM
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but with a budget deficit, greater spending would need to come from increasing taxes. an option the minister says he would not like to take. >> by bringing in funds from outside the country, seeking support, counting on friends who can provide us with something -- some injection of funds from the outside, by doing that you are not raising taxes and pushing the economy into a contraction. we believe activating the economy should be through increasing the demand side, the expenditure side, but investment, not necessarily consumption. >> fear of public unrest has also stop the government from reducing subsidies and initiated by the previous leadership and demanded by the imf and world bank. in spite of the challenges, the minister stressed that he targets growth of 3% and a reduction in budget deficit from 40% -- 14% nine percent of gdp by the end of the year. the world bank placed egypt in the top five countries that face a slowdown. analysts say that if the government does not act quickly the effects of the slowdown will some be felt with renewed violence and unrest in
but with a budget deficit, greater spending would need to come from increasing taxes. an option the minister says he would not like to take. >> by bringing in funds from outside the country, seeking support, counting on friends who can provide us with something -- some injection of funds from the outside, by doing that you are not raising taxes and pushing the economy into a contraction. we believe activating the economy should be through increasing the demand side, the expenditure side,...
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Mar 17, 2013
03/13
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imply that inequality is caused by people with emotions and feelings about themselves or by just a deficit of hope, but with that said one of the students who are runabout, one of the smartest people i've ever met, and he simply could not imagine himself ever going to college. and it wasn't that he had some grand plan for his life as an alternative that fascinated him when he was a smart capable enough, and at one point his sister even offered to give them the money to go, but based on his own life experiences and those of others around him he just couldn't make that leap of faith. i rode up one point in the book that even in the most democratic societies, the idea of wielding a destructive power that it invades the mind and then destroys it. and that think when we think about structural inequality, we tend to think of it as practical implications, but we also need to think about is psychologically because those are less easy to see and ultimately harder and much more complicated to combat. so with that i'm going to at take questions. [applause] >> thanks. amelya been covering education fo
imply that inequality is caused by people with emotions and feelings about themselves or by just a deficit of hope, but with that said one of the students who are runabout, one of the smartest people i've ever met, and he simply could not imagine himself ever going to college. and it wasn't that he had some grand plan for his life as an alternative that fascinated him when he was a smart capable enough, and at one point his sister even offered to give them the money to go, but based on his own...
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Jun 17, 2013
06/13
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and want for the deficit reduction the everybody does. but even though the need for deficit reduction now is a little bless urgent than in the past. which is a blessing and curse, my judgment, frankly. but if we, when the rubber meets the road, the roads, then revenue will very much be discussed. there's a lot of ways to skin a cat. i've learned through life, there's almost always a solution to give got to keep looking for the them in that be any obvious the first take, keep probing, looking. maybe you will find a way. i'm looking for that way to find a compromise between them if you will, republicans and democrats and then have to deal with them, without, we can get tax reform that's needed, and find a compromise so that tax reform is not stalled involved down because we haven't dealt with it. >> chairman camp? >> sorry i took so long. >> i would just say that i'm sort of that main point of your question is, i'm not trying to let that stop our discussions on the policy issues that would make it a tax reform bill. obviously, i said meetin
and want for the deficit reduction the everybody does. but even though the need for deficit reduction now is a little bless urgent than in the past. which is a blessing and curse, my judgment, frankly. but if we, when the rubber meets the road, the roads, then revenue will very much be discussed. there's a lot of ways to skin a cat. i've learned through life, there's almost always a solution to give got to keep looking for the them in that be any obvious the first take, keep probing, looking....
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what would you call a deficit hawks or austerity pushers or whatever no i don't think they're unique but they're the most visible they have what they call a sovereign unit that looks at the credit ratings of governments and the head of that unit has been acting like a stopper in for quite some time issuing dictates the u.s. government and other governments about how the people should manage their own budgets so i think they've been very visible in this regard i mean i think that but the other thing to remember and particularly with the payback theory is you know i'm one of the few people who did the analysis on this but when they downgraded the u.s. back in two thousand and eleven the stock market didn't care at all there was no penalty for the united states government in that downgrade so i think that is you know they're not unique but there are two things different about them one is that they're very visible in talking about deficits and the government but number two is that thanks to the eleven subcommittee as senator carl levin in congress there's a great deal of documentation of
what would you call a deficit hawks or austerity pushers or whatever no i don't think they're unique but they're the most visible they have what they call a sovereign unit that looks at the credit ratings of governments and the head of that unit has been acting like a stopper in for quite some time issuing dictates the u.s. government and other governments about how the people should manage their own budgets so i think they've been very visible in this regard i mean i think that but the other...
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Oct 27, 2013
10/13
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damagell do lasting ironically to the deficit and to middle-class families. not because of the power of watchman nurser innovators. it is simply about dysfunction in the practice of threatening default in our budget battles. bill gross, the worldview of the u.s. has been damaged by all of this. this dysfunction appears to be a herman and disease that should concern longer-term treasury and investors as for the volatility of washington's debt. the international financial system is based on the assumption that the core of the system will predict early and responsibly -- if this false, the rubes would be pulled out. this is a very serious issue. i really do believe it is not a partisan issue. this is about the brand and the benefit that we as a country enjoy from the precious assets of our credit standing of over 200 years. i think we need to do decide that era threatening default has to be over. is that this is the way it has always been. one into. people have to give up leverage. i want to contest both of those. i think i have made myself a bit of a history bu
damagell do lasting ironically to the deficit and to middle-class families. not because of the power of watchman nurser innovators. it is simply about dysfunction in the practice of threatening default in our budget battles. bill gross, the worldview of the u.s. has been damaged by all of this. this dysfunction appears to be a herman and disease that should concern longer-term treasury and investors as for the volatility of washington's debt. the international financial system is based on the...
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Jan 19, 2013
01/13
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WRC
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>> reporter: the biggest challenge is to secure economic stability, deal with the debt and deficit situation, the standoff he has with republicans. and then get washington out of the way so that the economy can take off. they're their are good signs that the economic recovery is getting into a fairly healthy territory. but the threat to confidence, the uncertainty around the recurring crises we've had over the debt limit, over the fiscal cliff have been an impediment. if he can get that out of the way, he could then move to some of his other priorities and watch the economy grow over the next couple of years. >> i want to talk about the priorities in a second. you brought up this standoff. you know, one point, of course, there were democratic majorities in the house and senate, making it much easier to get some of those priorities through. now he only has the senate. how will that affect the president's wish list in the second term? >> well, he has the good fortune on the immigration issue which is one of his big priorities after the economic recovery and growth. from the fact that republica
>> reporter: the biggest challenge is to secure economic stability, deal with the debt and deficit situation, the standoff he has with republicans. and then get washington out of the way so that the economy can take off. they're their are good signs that the economic recovery is getting into a fairly healthy territory. but the threat to confidence, the uncertainty around the recurring crises we've had over the debt limit, over the fiscal cliff have been an impediment. if he can get that...
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Mar 5, 2013
03/13
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CSPAN
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how large are projected deficit? under current law this will shrink in 2013 for the fourth year in a row. a $845 billion, this will be the first year with a deficit under $1 trillion. this would be about half as large relative to the size of the economy. you can see in the picture our projection under current law shows deficits continuing to fall for the next few years before turning up again by the end of the decade in totaling about $7 trillion. federal revenues of the lower line are projected to increase relative to the size of the economy in reached 1970 gdp in-- reached 19% of gdp in 2015 and beyond. because of both the expanding economy and schedule changes in rules. a comparison average of about 18% over the past 40 years. at the same time, if current laws remain in place, federal spending will fall relative to the size of the economy and then rise again. the decline can be traced to be discretionary funding. and to a drop off that sense to go up when the economy is weak. -- that tend to go up when the economy
how large are projected deficit? under current law this will shrink in 2013 for the fourth year in a row. a $845 billion, this will be the first year with a deficit under $1 trillion. this would be about half as large relative to the size of the economy. you can see in the picture our projection under current law shows deficits continuing to fall for the next few years before turning up again by the end of the decade in totaling about $7 trillion. federal revenues of the lower line are...
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Nov 17, 2013
11/13
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CSPAN2
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and so the most important deficit that they found they could live together with greater security than they ever could while they were slaves in the chesapeake. so thank you. [applause] >> thank you very much. i told you that he had a lot of neat material and he is a real gem. there are a lot of parallels with the revolution and networks that exist that information can travel hundreds of miles through different networks. the assistance given by slaves to the british, the one state that the british really took during the revolution was in search of all that who led that and was part of this. and also going to nova scotia. but the parallel is equally treated and it is from there that they led the expedition to sierra leone. and i'm not sure if you want to comment on the parallels which is on a larger scale which represents the biggest emancipation in america before the civil war. and when we do take questions from the audience, please wait until the microphone gets to you because we are on c-span. >> we have worked on the question in this includes 6000 from from virginia and half of them
and so the most important deficit that they found they could live together with greater security than they ever could while they were slaves in the chesapeake. so thank you. [applause] >> thank you very much. i told you that he had a lot of neat material and he is a real gem. there are a lot of parallels with the revolution and networks that exist that information can travel hundreds of miles through different networks. the assistance given by slaves to the british, the one state that the...
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Sep 16, 2013
09/13
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originally they said they wanted deficit reduction. deficits are falling fast. the only way to make further long-term progress that does not slow growth is with a balanced plan that includes closing tax loopholes at the expense of the middle class. the only way to do it. they said they wanted entitlement reform. but their leaders have not put forward serious ideas that would not devastate medicare or social security. i have put forward ideas for sensible reforms to medicare and social security and have not gotten a lot of feedback yet. they said they wanted tax reform. remember, this was just a few months ago they said this would be a top priority, tax reform. six weeks ago i put forward a plan that serious people in both parties should be able to support, a deal that lowers the corporate tax rate for businesses and manufacturers, simplifies it for small business owners, as long as we use some of the money we saved to invest in infrastructure. my position is is folks in this town want a grand bargain, how about a grand bargain for middle-class jobs? so i put for
originally they said they wanted deficit reduction. deficits are falling fast. the only way to make further long-term progress that does not slow growth is with a balanced plan that includes closing tax loopholes at the expense of the middle class. the only way to do it. they said they wanted entitlement reform. but their leaders have not put forward serious ideas that would not devastate medicare or social security. i have put forward ideas for sensible reforms to medicare and social security...
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and we're willing to talk to him about budget deficit. leader reid already gave him his budget number when we talked about the resolution funding the government. we gave him his number. and then, he said obama care. he keeps throwing different things at the wall. and we know the reason why. ted cruz and the hard right republicans are holding him hostage, in effect. and right up until now, he hasn't had the courage or strength to resist them. sooner or later, he'll be forced to, particularly on the debt ceiling because the business community, which still has some weight with mainstream republicans and his party, will put huge crowd with him. and as we get closer,
and we're willing to talk to him about budget deficit. leader reid already gave him his budget number when we talked about the resolution funding the government. we gave him his number. and then, he said obama care. he keeps throwing different things at the wall. and we know the reason why. ted cruz and the hard right republicans are holding him hostage, in effect. and right up until now, he hasn't had the courage or strength to resist them. sooner or later, he'll be forced to, particularly on...
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Oct 11, 2013
10/13
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deficit is important. what is even more important is addressing the reality that 14 14% -- almost 14% of our work force, if you count those people who have given up looking for work and who are working part time, almost 14% of our work force today is unemployed. and what the american people are saying to congress -- create jobs, deal with unemployment. mr. president, the other issue out there that all across this country people are deeply worried about is that most of the new jobs that are being created -- and this has been the case for a number of years no now -- that most of the new jobs being created are part-time, low-wage jobs. how is somebody supposed to survive working for $10 an hour and getting 25 hours a week of work? you can't do it. and we're seeing more and more of those types of jobs in the economy. and, by the way, jobs that provide little or no benefits. and what the american people are saying is raise the minimum wage. i can't remember what the last poll was, but surely more than 70% of th
deficit is important. what is even more important is addressing the reality that 14 14% -- almost 14% of our work force, if you count those people who have given up looking for work and who are working part time, almost 14% of our work force today is unemployed. and what the american people are saying to congress -- create jobs, deal with unemployment. mr. president, the other issue out there that all across this country people are deeply worried about is that most of the new jobs that are...
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Jan 20, 2013
01/13
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WMAR
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right now in front of congress and the country you have the need to reduce the deficit and continue to grow the economy, energy and climate change, immigration. gun safety. things are stacked up. and so i think that that is going to provide the sort of focus and energy you need and i think his intention is to run through the tape all the way through. >> gun safety has jumped to the top of the president's agenda since newtown and this week the president promised that the weight of his office behind these proposals but we're seeing a lot of resistance from democrats and want to show some of the reaction. senator max baucus "before passing new laws we need a thoughtful debate that respects responsible law abiding gun owners in montana instead of one side fits all directives from washington. senator tim johnson, "it makes common sense to not have one size fits all. senator mark begich "i feel like it's going to be hard for they of these pieces of legislation to pass." these are democrats. what is he going to bring to bear on that? >> it is a tough issue. i will say this, these are commonse
right now in front of congress and the country you have the need to reduce the deficit and continue to grow the economy, energy and climate change, immigration. gun safety. things are stacked up. and so i think that that is going to provide the sort of focus and energy you need and i think his intention is to run through the tape all the way through. >> gun safety has jumped to the top of the president's agenda since newtown and this week the president promised that the weight of his...
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Feb 14, 2013
02/13
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the trade deficit with time -- with china did not. do you agree that currency manipulation is an export subsidy? >> we have, over the last four years, pushed back hard on china in a number of areas. we pushed back on our possession -- on our perception that the currency was undervalued. one unfair trading practices. we engaged in high-level discussions. we have made progress. there has been a 15% improvement in the valuation of china's currency. it is still undervalued and more progress needs to be made. >> the administration has been good on trade enforcement, but falling short when we asked administration will to include currency in its filings. do you support industries filing positions -- petitions against countries that manipulate their currency? >> i would put a lot of energy to hide developing an energy -- a relationship where i could push back on china with things we think are unfair. we have done that in china and will continue to do that. >> senator to me. >> good to see you. i wanted to follow-up on the conversation we had
the trade deficit with time -- with china did not. do you agree that currency manipulation is an export subsidy? >> we have, over the last four years, pushed back hard on china in a number of areas. we pushed back on our possession -- on our perception that the currency was undervalued. one unfair trading practices. we engaged in high-level discussions. we have made progress. there has been a 15% improvement in the valuation of china's currency. it is still undervalued and more progress...
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Jan 14, 2013
01/13
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and ironically, would probably increase our deficit. so to even entertain the idea of this happening, of the united states of america not paying its bills, is irresponsible. it's absurd. we are not a deadbeat nation. >> thank goodness. but next, news flash, we already hit the ceiling two weeks ago. and the treasury's been using, quote, extraordinary measures to pay its bills. what does that even mean? the money shuffle can't last forever. the u.s. is out of money to pay its bills, it's already spent in less than four weeks. i have cousins that do that. they play to hold the debt ceiling hostage. aides say half the conference is ready to let the nation default. speaker boehner will school them on the real threat later this week. even a temporary extension for, say, two or three months could rattle the markets and threaten the nation's credit rating. last time they hashled out a debt deal? summer of 2011 and we ended up more than a trillion dollars in mandatory spending cuts and congress still hasn't addressed and delayed again until marc
and ironically, would probably increase our deficit. so to even entertain the idea of this happening, of the united states of america not paying its bills, is irresponsible. it's absurd. we are not a deadbeat nation. >> thank goodness. but next, news flash, we already hit the ceiling two weeks ago. and the treasury's been using, quote, extraordinary measures to pay its bills. what does that even mean? the money shuffle can't last forever. the u.s. is out of money to pay its bills, it's...
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Dec 22, 2013
12/13
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the number one issue in the 2014 election is not going to be obamacare or the deficit. it is going to be who can get the middle class going again? who can expand middle class incomes, who can create jobs? that is far and away the issue that most americans care about. >> fair enough. that's going to be the argument. but senator coburn, you know your colleagues, especially those who are running for tough seats in the south, they're going to make obamacare an issue and they're going to focus on the thought that government seems to make changes to pacify critics. is that the wrong thing to do? >> i think they ought to talk about health care and what we're for rather than continuing to talk about what we're against. look, obamacare right now causes people to spend more money, have less choice, have a higher deductible and have less freedom. the rollout and the ideas behind the fact that the federal government could manage appropriately, one-sixth of the economy is proving itself erroneous. what i would say is we need to change health care, but what they've done, you can't fi
the number one issue in the 2014 election is not going to be obamacare or the deficit. it is going to be who can get the middle class going again? who can expand middle class incomes, who can create jobs? that is far and away the issue that most americans care about. >> fair enough. that's going to be the argument. but senator coburn, you know your colleagues, especially those who are running for tough seats in the south, they're going to make obamacare an issue and they're going to focus...
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Jan 20, 2013
01/13
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you're going to need more revenues as well as more cuts to get the deficit down. and i've talked to leader reid. i've talked to budget chair murray. we're going to do a budget this year. and it's going to have revenues in it. and our republican colleagues better get used to that fact. >> senator cruz? >> david, i'll mention there was an area of substantial agreement with what chuck just said. he said we should never, ever compromise the full faith and credit of the united states. i agree. and in fact, there is a bill that i am co-sponsoring, the full faith and credit act, which provides that, regardless of what happens to the debt ceiling, the united states will always, always, always meet its debt. we will never default on its debt. that was introduced in 2010. it didn't pass because harry reid and president obama didn't want it to pass. they wanted to raise the specter of a default to use. so, chuck, you and i could make news right now on national television, would you agree to support the full faith and credit act and take the possibility of a default off the t
you're going to need more revenues as well as more cuts to get the deficit down. and i've talked to leader reid. i've talked to budget chair murray. we're going to do a budget this year. and it's going to have revenues in it. and our republican colleagues better get used to that fact. >> senator cruz? >> david, i'll mention there was an area of substantial agreement with what chuck just said. he said we should never, ever compromise the full faith and credit of the united states. i...
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Jan 21, 2013
01/13
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you can't solve the financial deficit until they solve the trust deficit. maybe it's hopeful idealism. but maybe they made a small down payment today. >> i with us also thinking as i was watching the president review the troops, and you heard leon panetta talk about the first lady and jill biden and how much they have done for their troops and their families. but i'm willing thinking coming into this next phase, this is going to be a president that could have some difficult relationships with generals. he has always been concerned about the generals and not being overtaken by them. and he has spoken an awful lot about that as presidents have to make their own decisions, not be led too much by the generals. i think the nomination of chuck hagel is somebody who was a sergeant, whom he believes comes at the pentagon from the view of the bottom of the ladder, not at the top of the ladder. and so i think you're going to have some real issues. >> general stanley mcchrystal wrote about that actually in his new book. he talked about the deficit of trust they had ea
you can't solve the financial deficit until they solve the trust deficit. maybe it's hopeful idealism. but maybe they made a small down payment today. >> i with us also thinking as i was watching the president review the troops, and you heard leon panetta talk about the first lady and jill biden and how much they have done for their troops and their families. but i'm willing thinking coming into this next phase, this is going to be a president that could have some difficult relationships...
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what would you call a deficit hawks or austerity pushers or whatever no i don't think they're unique but they're the most visible they have what they call a sovereign unit that looks at the credit ratings of governments and the head of that unit has been acting like a stopper in for quite some time issuing dictates the u.s. government and other governments about how the people should manage their own budget so i think they've been very visible in this regard i mean i think that but the other thing to remember and particularly with the payback theory is you know i'm one of the few people who did the analysis on this but when they downgraded the u.s. back in two thousand and eleven the stock market didn't care at all there was no penalty for the united states government in that downgrade so i think that is you know they're not unique but there are two things different about them one is that they're very visible in talking about deficits and the government but number two is that thanks to the eleven subcommittee as senator carl levin in congress there's a great deal of documentation of
what would you call a deficit hawks or austerity pushers or whatever no i don't think they're unique but they're the most visible they have what they call a sovereign unit that looks at the credit ratings of governments and the head of that unit has been acting like a stopper in for quite some time issuing dictates the u.s. government and other governments about how the people should manage their own budget so i think they've been very visible in this regard i mean i think that but the other...
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Jan 19, 2013
01/13
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most importantly, there will be a plan to slowly, but surely walk our nation out of debt, deficit and declined. on your behalf, we will insist that the democrats to run the rest of washington do the same. this debate is often argued in numbers and figures, but it is really about families like yours that bear the burden of a slow economy, constant uncertainty, and ever-changing government rules that chase jobs and opportunity overseas. one day to day life costs more, and jobs pay less, we do not solve the problem by delaying decisions, raise taxes, or refusing to tackle the most pressing economic challenges. you deserve better. with the swearing in of a new congress and the inauguration of president obama, this is the opportunity for a fresh start, but because government debt affects all of us, republicans will not simply provide a blank check for uncontrolled spending , a rational borrowing, and constant nickel and dime tax increases. the issues that we face today are not an impossible obstacle. they are merely the challenges of our time. we have the guidance of great leaders of the p
most importantly, there will be a plan to slowly, but surely walk our nation out of debt, deficit and declined. on your behalf, we will insist that the democrats to run the rest of washington do the same. this debate is often argued in numbers and figures, but it is really about families like yours that bear the burden of a slow economy, constant uncertainty, and ever-changing government rules that chase jobs and opportunity overseas. one day to day life costs more, and jobs pay less, we do not...
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Jul 31, 2013
07/13
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FBC
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. >> cut our deficits by nearly half since i took offe. gerri: the inside scoop on the woman who sued h credit reporting bureau and $118 million. the case could be a big win for all of us. we're watching out for you tonight on "the willis report." ♪
. >> cut our deficits by nearly half since i took offe. gerri: the inside scoop on the woman who sued h credit reporting bureau and $118 million. the case could be a big win for all of us. we're watching out for you tonight on "the willis report." ♪
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Mar 21, 2013
03/13
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managing our deficit in a credible way that will get our deficit under control, it builds on the deficit reductions we've already done, we have already done since we started this debate and simpson-bowles recommendations came out. we have already done $2.4 trillion in deficit reduction, $1.8 trillion in spending reductions, $600 billion in revenues. this is very similar to how the simpson-bowles proposal was made. you have a plausible baseline. i'm not going to get too technical about all this. you're not using smoke and mirrors. you're using a realistic baseline in order to do the deficit reduction. it's achievable. it's doable. it's credible. and you deal with tax expenditures. one more point about tax expenditures, senator coons, because you're exactly right. we have provisions in the spending programs of this country that invest in energy security, and that's subject to sequestration because it's an appropriation bill, but we have provisions in the tax code that gives special breaks to the oil and gas industry. these are expenditures. these are revenues that we're hemorrhaging. they
managing our deficit in a credible way that will get our deficit under control, it builds on the deficit reductions we've already done, we have already done since we started this debate and simpson-bowles recommendations came out. we have already done $2.4 trillion in deficit reduction, $1.8 trillion in spending reductions, $600 billion in revenues. this is very similar to how the simpson-bowles proposal was made. you have a plausible baseline. i'm not going to get too technical about all this....
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Jun 15, 2013
06/13
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we are seeing the deficit score reduced. revenue is expected to double over the next decade, but again, i do not think it is productive to focus on where we disagree. there are so many good simplification policies we agreeone of the things 80% of americans agree with is the code is to come located. i think the average person own taxes. small businesses -- 90% have to hire preparers because they are afraid they will get audited, especially now. i think we need to look at those issues, and clearly, at some point, we will have to address that, but i think it is better to look at that in the context of what are the policies you are getting as opposed to opening that. this is something that, as you looked at. the first hearing i had as chairman two-and-a-half yearswe both have been working on this for a lot of years. there has been a lot of work done, and i would say we have had a lot of years where the economy has not come back as strongly as it should, so i do not think we have a lot of time to waste. i think we need to look at
we are seeing the deficit score reduced. revenue is expected to double over the next decade, but again, i do not think it is productive to focus on where we disagree. there are so many good simplification policies we agreeone of the things 80% of americans agree with is the code is to come located. i think the average person own taxes. small businesses -- 90% have to hire preparers because they are afraid they will get audited, especially now. i think we need to look at those issues, and...
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Oct 11, 2013
10/13
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our deficit is down from $1.4 trillion. last year, the deficit was about $700 billion. we cut it in half. it's not enough. we need to do more. we cannot do more unless we do entitlement reform. over half of our spending is entitlement spending and we cannot do more unless we generate revenues. what we have here is a failure to communicate is part of our problem. we are talking past each other. i talked to people all the time and people have a lot of money and i say they will have to pay more taxes and they say i don't mind paying more taxes but don't waste my money. i don't want to waste their money either. none of us do. tom coburn used to be on this committee and i introduced legislation. it was not to hurt the least of these or the wealthiest of these to help everyone. everyone has gotten a letter from tom coburn to ask as a cosponsor and i hope you will join us. we held a hearing on monday this week on social security disability. no one stood -- no one wants to harm anyone on disability. one judge in west virginia approved 99.7% of the people who applied for social
our deficit is down from $1.4 trillion. last year, the deficit was about $700 billion. we cut it in half. it's not enough. we need to do more. we cannot do more unless we do entitlement reform. over half of our spending is entitlement spending and we cannot do more unless we generate revenues. what we have here is a failure to communicate is part of our problem. we are talking past each other. i talked to people all the time and people have a lot of money and i say they will have to pay more...
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Mar 31, 2013
03/13
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congressional leaders take a page from that book, when they are discussing the budget and the budget deficit, and the national debt, surround themselves with children and say, you have just mortgaged the future in each of these taxpaying children is going to inherit $380,000 of debt. >> i have so much to say about that. [laughter] we are playing this game, i realized this in our campaign, also. we are playing this game where we are like, playing by the rules. we are the only ones playing by the rules. [applause] in our heads we think, that is kind of cheesy, i would we use our children even though we are doing everything we can to protect them? i went to -- i woke up one morning and all over the news was plastered, mia doesn't like autistic kids. my opponent got up and went to an autistic kid schools and said, she will eliminate funding for the students. that is what i mean by, they will win at all costs. we have to be smart. when it comes to personal messaging, yes. i do believe that we have to do what we can to reach people here. maybe that does mean we bring children into it. they are the
congressional leaders take a page from that book, when they are discussing the budget and the budget deficit, and the national debt, surround themselves with children and say, you have just mortgaged the future in each of these taxpaying children is going to inherit $380,000 of debt. >> i have so much to say about that. [laughter] we are playing this game, i realized this in our campaign, also. we are playing this game where we are like, playing by the rules. we are the only ones playing...
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May 18, 2013
05/13
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party of which i am of allele member on the issue of the national debt and i am not taking his own deficit reduction commission and the productions and endorsing it. for the first time he has gone to the republicans and said let's fix the debt because our children are paying the credit card and that is wrong. i am hoping that a president can bring the country together the way that richard nixon looked at that time to see that young girl in the closing days of the campaign bring us together and i think only the president is the person every betty votes for at the end of the day it has got to be the president that ends the poison in washington and rise above it and i hope obama will do that and run for history. >> thank you for coming. just to make it topical with the offense -- the events in boston i think you ha that transcendence with the unfortunate event but how do you communicate to from a political perspective the same necessity with that 24 hour news cycle that in times of crisis the media does come above that but with the day today does not have been it sinks down to the left first
party of which i am of allele member on the issue of the national debt and i am not taking his own deficit reduction commission and the productions and endorsing it. for the first time he has gone to the republicans and said let's fix the debt because our children are paying the credit card and that is wrong. i am hoping that a president can bring the country together the way that richard nixon looked at that time to see that young girl in the closing days of the campaign bring us together and...
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Jan 29, 2013
01/13
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the deficit-reduction will produce a stronger economy. economic growth and fiscal solvency especially in a situation where we have plans of dollars of unfunded liabilities with these entitlement programs. liz: the middle-class issue is the only way to fix these things, think secret the white house is keeping from the middle-class households. what do you say to that? >> senator kerry has it exactly right. if the economy is growing more rapidly than the debt, the site of the text doesn't particularly matter. thing is so distressing about the current situation is the growth in gdp is at a lower rate than the growth of the debt, that is the long-term problem we face in i if we don't solve that problem there isn't anything we can do to help the middle class and the lower class, anybody gets hurt when the economy is growing as slowly as this one is and we aren't focusing on that, wwe're instead on the extremes cutting the deficit, raising taxes, it is the growth of the economy that is the real answer to all these problems. liz: said we already
the deficit-reduction will produce a stronger economy. economic growth and fiscal solvency especially in a situation where we have plans of dollars of unfunded liabilities with these entitlement programs. liz: the middle-class issue is the only way to fix these things, think secret the white house is keeping from the middle-class households. what do you say to that? >> senator kerry has it exactly right. if the economy is growing more rapidly than the debt, the site of the text doesn't...
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Mar 31, 2013
03/13
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we add an additional 1.85 trillion in new deficit reduction for a total of 4.25 trillion in deficit reduction since the simple son bowls report. this is a jobs and economic growth budget. we believe that with the unemployment rate that remains stubbornly high and a middle class that has seen their wages stagnate for too long we cannot afford any threats to our fragile recovery. that's why our budget uses equal amounts of responsible spending cuts and revenue from the wealthiest americans to fully replace the cuts from sequestration that threaten hundreds of thousands of jobs this year and cuts that will endanger our economic growth for years to come. host: dan let me go to you. guest: plat tudes and cliches. there's a couple of thing that is were most important. the first is that she got something through her committee and passed on the floor which means that the no budget no pay thing didn't kick in. senators are still going to get paid. and the republican talking point about the senate not passing a budget for four years is now gone. but there's no chance this is going to get compromised wi
we add an additional 1.85 trillion in new deficit reduction for a total of 4.25 trillion in deficit reduction since the simple son bowls report. this is a jobs and economic growth budget. we believe that with the unemployment rate that remains stubbornly high and a middle class that has seen their wages stagnate for too long we cannot afford any threats to our fragile recovery. that's why our budget uses equal amounts of responsible spending cuts and revenue from the wealthiest americans to...
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Aug 29, 2013
08/13
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the deficit today is falling. the notion that we need to be cutting anything really is in the ocean from three years ago. more important there would say that even more importantly the spending cuts we have done on the last few years a big bash for the economy brought a speaking. we can see it in specific terms on this panel. when you cut teachers, those are jobs averred gone. think about the ripple effects. not only of those jobs not there, but they're not spending money in the community which creates jobs. even bigger than that. and this i start -- head start spots. they cannot work anymore because they don't have child care. that is economic up to the lost. very her to go back. imagine the scale of to hundreds of billions of dollars. you can get a sense of why the economy is turning a slowly and growing a slow his it has been. kind of mind-boggling that we're even talking about more spending cuts red and. rex actually, i have a question about the federal role in this the your living to. one of the interesting th
the deficit today is falling. the notion that we need to be cutting anything really is in the ocean from three years ago. more important there would say that even more importantly the spending cuts we have done on the last few years a big bash for the economy brought a speaking. we can see it in specific terms on this panel. when you cut teachers, those are jobs averred gone. think about the ripple effects. not only of those jobs not there, but they're not spending money in the community which...
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Dec 23, 2013
12/13
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we had the teams he and deficit vans between 1981 and the end of the bush administration. those 12 years are all really the reagan programs. so we did have an economy that rebounded because volker killed inflation and the deficits were enormous, and they stimulated the economy, but they established a precedent for massiveus, chronic peacetime deficits and put the republican party, the old defender of the treasury gates, soo the position that cheney in eloquently expressed, deficits don't matter. that was the beginning of the end. in democracy, if there is not a conservative party that is depending -- defending the taxpayers come you're going to have a free lunch competition between tax cutters come the republicans, and spenders, the democrats. that's why you have $17 trillion national debt and white is out of control and why we have kind of a doomsday machine. >> you can watch the entire interview with david stockman tonight starting at 7:00 eastern, right here on c-span. >> as 2013 wraps up, we are here on the west front of the u.s. capitol to take about our c-span year i
we had the teams he and deficit vans between 1981 and the end of the bush administration. those 12 years are all really the reagan programs. so we did have an economy that rebounded because volker killed inflation and the deficits were enormous, and they stimulated the economy, but they established a precedent for massiveus, chronic peacetime deficits and put the republican party, the old defender of the treasury gates, soo the position that cheney in eloquently expressed, deficits don't...
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Jan 19, 2013
01/13
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for decades we have piled deficit upon deficit, mortgaging our future and our children's future for the temporary convenience of the present. to continue this long trend is to guarantee tremendous social, cultural, political, and economic upheavals. you and i, as individuals, can, by borrowing, live beyond our means, but for only a limited period of time. why, then, should we think that collectively, as a nation, we're not bound by that same limitation? we must act today in order to preserve tomorrow. and let there be no misunderstanding -- we are going to begin to act, beginning today. [applause] the economic ills we suffer have come upon us over several decades. they will not go away in days, weeks, or months, but they will go away. they will go away because we as americans have the capacity now, as we've had in the past, to do whatever needs to be done to preserve this last and greatest bastion of freedom. in this present crisis, government is not the solution to our problem, government is the problem. [applause] from time to time we've been tempted to believe that society has become
for decades we have piled deficit upon deficit, mortgaging our future and our children's future for the temporary convenience of the present. to continue this long trend is to guarantee tremendous social, cultural, political, and economic upheavals. you and i, as individuals, can, by borrowing, live beyond our means, but for only a limited period of time. why, then, should we think that collectively, as a nation, we're not bound by that same limitation? we must act today in order to preserve...
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Apr 23, 2013
04/13
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deficits continue far into the future. the president also offered no real entitlement reform and no plan to grow america's stagnant economy. president obama is truly budgeting from behind. what's interesting about this budget, though, is it's not just how late it was. it's that it -- it isn't just what he says about what that says about the lack of leadership from the white house. what's also very interesting is what this budget says about the coming train wreck of the president's own health care law. the train wreck succombing not just because the -- the train wreck is coming not just because the health care law is unaffordable for families, it is unaffordable for taxpayers of this country. it fails to slow down washington spending, but it is also dishonest about how much of a budget buster his health care law will be. in fact, the administration has used a lot of smoke and mirrors to try to hide the true cost of the health care law. here's how the associated press put it. they ran an article titled "tracking obama's heal
deficits continue far into the future. the president also offered no real entitlement reform and no plan to grow america's stagnant economy. president obama is truly budgeting from behind. what's interesting about this budget, though, is it's not just how late it was. it's that it -- it isn't just what he says about what that says about the lack of leadership from the white house. what's also very interesting is what this budget says about the coming train wreck of the president's own health...
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Mar 6, 2013
03/13
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and secondly, no fiscal deficits higher than 3%. do not get the wrong. these rules are sound. i do not criticize them, that the founding fathers of this eurozone made the mistake not to proceed, in my penny, a public authority at a eurozone level to impose them. a public authority strong enough to prevent member states from breaching the. a public authority with the necessary means and use to sanction them, and to penalize the center. they thought that the center should penalize them so. but it is in my opinion certainly and politics very naÏve opinion. so that was not the only mistake naturally we made. every time the stock markets are going up, so-called spreads down, many in european union believe that the crisis is over. and i think it's sufficient to see the effect of the elections in italy to realize that it is completely wrong. it's enough that the singer election goes badly for the markets to react immediately with a number of consequences across the union. if you follow that 24 -- and 24 hours the spreads for italy went up 100 basis points, 1% more than just before t
and secondly, no fiscal deficits higher than 3%. do not get the wrong. these rules are sound. i do not criticize them, that the founding fathers of this eurozone made the mistake not to proceed, in my penny, a public authority at a eurozone level to impose them. a public authority strong enough to prevent member states from breaching the. a public authority with the necessary means and use to sanction them, and to penalize the center. they thought that the center should penalize them so. but it...
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you're a major political party and you're not keen to marijuana law reform you're going to be in a deficit in the years to come so could this is a possible that given the libertarian infiltration of the republican party that the republican party could actually be the leading edge of this for someone like myself who's really been keen to observe this for twenty three years the division within the republican party is clear you've got moralists on one side and business leaning libertarians and they seem to be in the ascendancy in the party and the party that's alan thanks for thanks i'm talking. millions of people in over fifty countries took to the streets to protest agro giant monsanto activists accuse the missouri based company of monopolistic business practices and called for the labeling of genetically modified foods and santo controls ninety percent of the national soybean market and some suggest of the g.m.o. is like those made by the. biotech conglomerate have led to a variety of health problems around the globe in this age of food monopolization example of monsanto's a scary one than
you're a major political party and you're not keen to marijuana law reform you're going to be in a deficit in the years to come so could this is a possible that given the libertarian infiltration of the republican party that the republican party could actually be the leading edge of this for someone like myself who's really been keen to observe this for twenty three years the division within the republican party is clear you've got moralists on one side and business leaning libertarians and...
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Jan 28, 2013
01/13
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>> sure, but the issue is, do you add it to the deficit in door you go ahead and find offsets? there are a lot of things that folks have problems with. one is that the a lot of the spending did not happen until 2013 and in the future. there was an argument that okay, we will take care of the emergency needs in the next year and a half and declare those an emergency and allow that to go under the deficit but money spent after 2014, make that compete in the regular budget process with all the other money so that way you find offsets or lesser programs if we have to spend. so the question is not, do you spend the up. the question is, do you borrow from the future to spend the money or do you find other ways to take care of it? >> what do you think? some say there are so many things that go directly to the bottom line, to the deficit, to the national debt, why would you want to use emergency aid to have to answer to a higher calling? >> well, the question, should everything answer to that same calling, the bolt only line of where we are on deficit and debt. budgeting is about prior
>> sure, but the issue is, do you add it to the deficit in door you go ahead and find offsets? there are a lot of things that folks have problems with. one is that the a lot of the spending did not happen until 2013 and in the future. there was an argument that okay, we will take care of the emergency needs in the next year and a half and declare those an emergency and allow that to go under the deficit but money spent after 2014, make that compete in the regular budget process with all...